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You guys are the best, I don’t know what I would have done if I hadn’t found you, but regardless I got a fantastic statement of purpose out of it, and it wasn’t even too expensive after the discount code they offered me! Amazing!

Martha, New Orleans, Louisiana

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Need Help Writing Your Business Plan Statement of Purpose?

One of the most common mistakes that new entrepreneurs make when completing their business plan is that they write the business plan statement of purpose before they complete any other part of the process. It does seem strange that this part of the business plan is at the beginning of the form, but it is something that you must do at the end when all other parts of the plan are complete. For the statement of purpose, business plan writing requires a summary of the business and its finances as well as the prospects for the future. It is what potential lenders or investors read first when you present them with your plan. StatementOfPurposeWriting.com has the writers and the resources you need for any writing assistance you may need.

Essential Questions for a Business Plan Statement of Purpose

There are nine main questions that you must answer when you are writing a business plan statement of purpose. The answers do not have to be lengthy. In fact the statement of purpose for business plan writing should be short and to the point while providing all the essential information about what your business plan contains.

Experts at StatementOfPurposeWriting.com say that you should provide the answers to the following questions in your business plan statement of purpose:

  1. What is the name of the business and what kind of business activities do you engage in?
  2. Give a basic introduction to the manner in which the business is structured or organized.
  3. Provide the names of the main people involved in the execution of the daily activities as part of the business plan statement of purpose.
  4. How much money do you need to continue or expand your business?
  5. Explain how you intend to use the money you obtain through a loan or investment.
  6. How much money will you need to borrow and how much can you provide on your own?
  7. In the business plan statement of purpose you will also have to provide details of any other types of funding that you have applied for or are considering as possibilities.
  8. How do you intend to repay any money that you borrow?
  9. Explain why you think that lending your business the money it needs would make good financial sense to lenders or investors.

Why These Answers Are Important in any Business Plan Statement of Purpose

When a potential lender reads through your statement of purpose, business plan information presented in the rest of the document will make more sense. The business plan statement of purpose gives the lender an overview of the business and together with your financial data and the analysis of your competition, he/she will be in a better position to make an assessment of whether or not you would be a valued business partner or a business to which it would be safe to approve a loan.

At StatementOfPurposeWriting.com we have years of experience in preparing a statement of purpose for business plan needs for all types of business. We can use the information you provide in the plan to create a winning statement that will help you get the funding you need for your business.